-
EURUSD Chops Around Parity as ECB Mulls 75 Basis Point Hike
The Euro continues to hold above parity for now as markets look to key data releases this week from both sides of “the pond.” The recent USD advance has cooled slightly following the large move that came as a result of Fed Chair Jerome Powell’s Jackson Hole remarks. With the Fed adamant on reigning in inflation to their 2% target, the ball now moves to the European Central Bank’s (ECB) court. Rumors are now circulating of a potential 75 basis point hike at the ECB’s September policy meeting, something that seemed impossible just a few months ago. This gives markets something new to digest, as traders may ... (full story)